State Budgets

The end of the legislative session has featured an unusual amount of gear-shifting by the state's leading policy-makers. The most notable came last week when reality forced Gov. Dannel P. Malloy to abandon his $55-a-person income tax refund under pressure from falling tax receipts that accompany a stagnant state economy. A reduction in rates always seems more sensible than a one-shot refund, but that would require a steadier long-term flow of money into state coffers. One of the challenges of leading Connecticut remains these frequent swings and reversals of fortune. The state, for example, has yet to recover from the 10,400 jobs it lost in January. That $55 rebate would have made...

Related "State Budgets" Articles

The end of the legislative session has featured an unusual amount of gear-shifting by the state's leading policy-makers. The most notable came last week when reality forced Gov. Dannel P. Malloy to abandon his $55-a-person income tax refund under pressure...

Even if death and taxes are the only things certain in life, state legislators say they can never be certain about death taxes.
With no crystal ball and no idea when spectacularly wealthy Connecticut residents might die, state officials make an...

TOWNS SEE LOOMING SHORTFALLS
By Betsy Gara
Town leaders are anxiously crunching numbers as they review Gov. Dannel P. Malloy's proposed budget. Given the size of the budget deficit, the Connecticut Council of Small Towns applauds the intent of the...

HARTFORD — Gov.Dannel P. Malloyopened the 2012 legislative session Wednesday with plans for education reform, pension funding changes and the largest increase in funding for affordable housing since Gov. William A. O'Neill was in office more than 20 years...

In more bad financial news for the state, the legislature's nonpartisan fiscal office now says the state budget deficit has grown to a projected $144.5 million.The Office of Fiscal Analysis released new numbers Wednesday night that say the state is...

With tax collections lagging and the state teetering on a deficit, Gov. Dannel P. Malloy is enacting more than $78 million in budget cuts to keep the state in the black.The cuts, known at the state Capitol as rescissions, are hitting virtually...

With the largest tax increase in Connecticut history kicking in, the state is projected to generate a surplus of more than $100 million in the current fiscal year - finally pushing the state into the black.
While the number might seem surprising after...

When wealthy developer Monty Blakeman died in April, his heirs knew they would inherit his multimillion-dollar estate.What they didn't know was that the state legislature on May 4 — only 11 days after Blakeman's death — would increase the Connecticut...

HARTFORD — Gov. Dannel P. Malloy said Tuesday that the state budget he unveils next month will fully fund state pensions and not rely on borrowing money to pay operating expenses — two departures from recent years.
He also said he would steer clear of...

The White House faced mounting political complications as a second top fundraiser for President Obama was linked to a federal loan guarantee program that backed a now-bankrupt Silicon Valley solar energy company, and as two California lawmakers called for...